Petroleum prices in the past have shown a nasty habit of firming with the onset of the summer driving season. The price of regular gasoline inched up two cents last week to $3.54 per gallon (-6.6% y/y). Prices reached a peak of $3.78 [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| May 07 2013U.S. Gasoline and Crude Oil Prices Are Higher
by:Tom Moeller
|in:Economy in Brief
- Global| May 06 2013
U.S. Unemployment: Age, Sex and Race Matter a Lot
It's obvious that when it comes to most things, a person's age, sex and race matter. Within the Bureau of Labor Statistics Household Sector Survey, the differences are eye popping. To start, the April unemployment rate for women aged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2013
U.S. ISM Nonmanufacturing Index Deteriorates Along With Pricing Power
The Activity Index for the service and construction sectors from the Institute for Supply Management (ISM) declined further to 53.1 last month from 54.4 during March. This latest level was the lowest in nine months and disappointed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 03 2013
U.S. Employment Growth Recovers; Jobless Rate Continues Lower
The labor market rebounded somewhat last month following its March disappointment. Nonfarm payroll employment increased 165,000 (1.6% y/y) during April. That followed upwardly revised gains of 138,000 and 332,000 during the prior two [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2013
U.S. Worker Productivity Recovers Slightly
Nonfarm business sector productivity during Q1'13 rose 0.7% (SAAR). That was a rebound from the 1.7% decline during Q4'12. That left the y/y gain of 0.9% on a par with the slow growth rates of 2011 and 2012. Real output rose at a 2.5% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2013
U.S. Trade Deficit Falls Sharply As Imports Tumble
The U.S. foreign trade deficit during March declined to $38.8B from $43.6B in February, revised from $43.0B. A $42.5B deficit had been expected. A sharp 2.8% decline in imports (-5.6% y/y) was behind the improvement Exports also were [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 02 2013
U.S. Initial Claims for Unemployment Insurance Fall Sharply to New Low
Labor market improvement is continuing. Initial claims for unemployment insurance fell to 324,000 (-12.7% y/y) during the week ended April 27 from a revised 342,000 during the prior week, initially reported as 339,000. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2013
U.S. Vehicle Sales Move Lower
After several months at the highs for the economic recovery, U.S. vehicle sales have begun to decline. Unit sales of light motor vehicles during April fell 2.3% m/m (+5.7% y/y) to 14.92M (SAAR) according to the Autodata Corporation. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2013
FOMC Leaves Fed Funds, Growth and Inflation Outlook Unchanged
As expected, the Federal Open Market Committee today left the Federal funds rate in a "range from 0 to 1/4 percent". The Fed funds rate has remained unchanged since late-2008 at its lowest level ever. The discount rate also was left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2013
U.S. Construction Spending Reverses Earlier Rebound
Reversals and revisions can change the picture of an economic series. Such was the case with the latest construction put in place numbers. Building activity fell 1.7% (+4.8% y/y) in March and reversed a 1.5% February rise. Moreover, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2013
U.S. ISM Composite Factory Sector Index & Prices Weaken Further
The factory sector continues to shed its past strength. The April composite index of manufacturing activity from the Institute for Supply Management slipped to 50.7 from an unrevised 51.3 in March. The figure slightly disappointed [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 01 2013
U.S. ADP Jobs Survey Shows Greatly Reduced Hiring
The labor market is losing forward momentum. That's the indication from the ADP/Moody's National Employment Report which showed a 119,000 rise (1.6% y/y) in non-farm private sector jobs last month. That followed downwardly revised [...]
by:Tom Moeller
|in:Economy in Brief
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